Date: 31-03-25
In a surprising twist of events, its decision delivered today, the Federal High Court in a surprising shift from the true nature of FirstBank ’s claim held that the matter is not a maritime claim but rather, a simple case of debt recovery. This is quite surprising considering the fact that the order sought is to prevent further fraudulent sale of crude on the FPSO.
Shockingly, the court also held that the Arrest Order against the cargo, because it was exparte in nature, expired by effluxion of time within 14 days of its issuance.
Aggrieved by the decision, FirstBank lodged an appeal against the decision of the FHC. Also, FirstBank filed an application for an injunction of the court against GHL, pending the determination of the appeal. The Cargoes of Crude Oil on the FPSO TAMARA TOKONI remain arrested.
While FirstBank has great respect for the courts, it strongly disagrees with the ruling, which, in our view, constitutes a miscarriage of justice.
FirstBank remains committed to protecting and securing the interest of its members and will relentlessly pursue justice against mischievous debtors seeking to use the machinery of the law to perpetuate mischief and evade their responsibility to offset outstanding obligations
LINKS
- VENO TV: BUSINESS DANGOTE: FACTS BEHIND THE OFFER PRESENTATION …Says Refinery Was Not Making Money in January, February …“We Won’t Allow Fuel Queues to Return” …Plans Regional Fuel Pipeline Through Namibia to Zimbabwe
- VENO tv: ENTERTAINMENT CÉLINE DION RETURNS TO STAGE AFTER SIX YEARS
- VENO tv: FOREIGN NEWS TRUMP: AMERICA WILL NEVER FORGET VICTIMS OF 9/11 ATTACKS, 25 YEARS AFTER
- VENOtv POLITICS HEROIC WELCOME AS UDOEDEHE ARRIVES UYO AHEAD OF ADC 2027 CAMPAIGNS
- VENO tv: BUSINESS INVEST IN NIGERIA’S FUTURE: SUBSCRIBE TO DANGOTE REFINERY IPO THROUGH FIRSTBANK
- VENO tv: FROM THE PULPIT “DON’T LET YOUR ACHIEVEMENTS LIFT YOUR SHOULDERS IN PRIDE” — OMO OBA JESU DECLARES
- VENO tv: ENTERTAINMENT FAST-RISING ACTRESS PEJU AJIBOYE OPENS UP ON HER JOURNEY, LATEST MOVIE OJA EMI
- VENO TV FEATURE WHY YOU SHOULDN’T MISS FIRSTBANK’S AGRIC AND EXPORT EXPO 2026
- VENO tv: HOSPITALITY AMBER HOSPITALITY LAUNCHES IN LAGOS “Amber Feels Like Family”
- VENO tv FOREIGN NEWS CARGO PLANE CRASHES AT MIAMI AIRPORT Five Killed As Investigation Continues
- VENO tv Business FirstBank Empowers SMEs with Practical Sales Strategies at Upcoming SMEConnect Webinar
- VENO tv | AROUND TOWN ADELEKE JETS OUT ON VACATION, ORDERS PROBE INTO KOKA OBASHIP DISPUTE
- FROM THE PULPIT SUNDAY TONIC TURN BACK TO GOD AS SOON AS POSSIBLE — Pastor Princess Venisa Ojo a.k.a Omo Oba Jesu
- VENO TV: AROUND TOWN OBI, KWANKWASO JOIN AMAECHI FAMILY FOR MOTHER’S FUNERAL EVENTS
- VENO TV FOREIGN NEWS:IRAN–US WAR ESCALATES: WEDDING STRIKE VICTIMS BURIED AS TEHRAN RETALIATES
- VENO TV FOREIGN NEWS U.S. MINT RELEASES NEW $1 COIN FEATURING PRESIDENT TRUMP
- VENO TV: CJPAN MOURNS MEDIA ICON, SOLKEM …Says His Passion for Journalism, Excellence and Recognition of Outstanding Nigerians Will Remain an Enduring Legacy
- VENO TV: FEATURE OGOGO’S DEATH: ILARO CHIEF IMAM — AN EXEMPLARY LEADER
- VENO TV: POLITICS 2027: “SUBSIDY IS GONE” VS “SUBSIDY WILL RETURN” Tinubu: “Subsidy is gone.” Atiku Abubakar: “I will restore subsidy.”
- VENO TV EDITORIAL AS PRESIDENT TINUBU BEGINS THREE-WEEK EUROPE VACATION Shettima Was Away in Angola — What a Country!
Page 1 of 68 [Next] [Last Page]
Phone
08033340285
08155031320
016581259
veno_mag2011@yahoo.com